Subsidiary Guarantor Information | SUBSIDIARY GUARANTOR INFORMATION The following consolidating information presents: (i) condensed consolidated statements of financial position at December 31, 2022 and 2021 and condensed consolidated statements of comprehensive income and cash flows for the years ended December 31, 2022, 2021 and 2020 of Petróleos Mexicanos, the Subsidiary Guarantors and the Non-Guarantor Subsidiaries (as defined below). These condensed consolidated statements were prepared in conformity with IFRS, with one exception: for the purposes of the presentation of the subsidiary guarantor information, the Subsidiary Entities and Subsidiary Companies have been accounted for as investments under the equity method by Petróleos Mexicanos. Earnings of subsidiaries are therefore reflected in Petróleos Mexicanos’ investment account and earnings. The principal elimination entries eliminate Petróleos Mexicanos’ investment in subsidiaries and inter-company balances and transactions. Pemex Exploration and Production, Pemex Industrial Transformation, Pemex Drilling and Services (merged with Pemex Exploration and Production), Pemex Logistics (collectively, the “Subsidiary Guarantors”) and Pemex Ethylene (merged with Pemex Industrial Transformation) and Pemex Fertilizers (merged with Pemex Industrial Transformation) are 100% owned subsidiaries of the Mexican Government. The guarantees by the Subsidiary Guarantors of Petróleos Mexicanos’ payment obligations under this indebtedness are full, unconditional, joint and several. Pemex Ethylene, Pemex Fertilizers, and the Subsidiary Companies collectively comprise the non-guarantor subsidiaries (the “Non-Guarantor Subsidiaries”). The Pemex Project Funding Master Trust (the “Master Trust”), which was a trust formed for the purpose of financing PEMEX’s projects, was dissolved effective December 20, 2011 and is no longer consolidated in the financial statements of PEMEX as of December 31, 2011 and thereafter. The following table sets forth, as of December 31, 2022, the principal amount outstanding of the registered debt securities originally issued by the Master Trust. As noted above, Petróleos Mexicanos has assumed, as primary obligor, all of the obligations of the Master Trust under these debt securities. The obligations of Petróleos Mexicanos are guaranteed by the Subsidiary Guarantors: Table 1: Registered Debt Securities originally issued by the Master Trust and Assumed by Petróleos Mexicanos Security Primary Guarantors Principal amount 6.625% Guaranteed Bonds due 2035 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics U.S.$ 1,750,000 6.625% Guaranteed Bonds due 2038 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 491,175 8.625% Guaranteed Bonds due 2023 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 63,705 9.500% Guaranteed Bonds due 2027 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 168,625 The following table sets forth, as of December 31, 2022, the principal amount outstanding of the registered debt securities issued by Petróleos Mexicanos, and guaranteed by Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics. Table 2: Registered Debt Securities originally issued by Petróleos Mexicanos Security Guarantors Principal amount 9.500% Global Guaranteed Bonds due 2027 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 96,718 3.500% Notes due 2023 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,143,938 4.875% Notes due 2024 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 844,175 6.625% Notes due 2035 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 999,000 6.500% Bonds due 2041 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,560,521 5.500% Bonds due 2044 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 640,357 6.375% Bonds due 2045 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,199,747 5.625% Bonds due 2046 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 626,143 4.500% Notes due 2026 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,124,403 4.250% Notes due 2025 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 635,449 6.875% Notes due 2026 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 2,502,771 4.625% Notes due 2023 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 895,444 6.750% Bonds due 2047 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 5,548,156 5.350% Notes due 2028 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,976,720 6.350% Bonds due 2048 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,574,041 6.500% Notes due 2027 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 4,006,043 Security Guarantors Principal amount 5.950% Notes due 2031 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 3,777,381 6.490% Notes due 2027 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,538,374 6.840% Notes due 2030 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 2,345,538 6.950% Bonds due 2060 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 3,796,812 7.690% Bonds due 2050 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 8,047,831 6.500% Notes due 2029 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,204,708 6.875% Notes due 2025 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 901,836 8.750% Notes due 2029 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 1,908,685 6.700% Notes due 2032 Petróleos Mexicanos Pemex Exploration and Production, Pemex Industrial Transformation and Pemex Logistics 6,779,842 Petróleos Mexicanos is the only PEMEX entity that had debt securities registered with the Securities and Exchange Commission (“SEC”) outstanding as of December 31, 2022 and as of the date of these consolidated financial statements, and all guaranteed debt is issued by Petróleos Mexicanos. The guaranties of the Subsidiary Guarantors are full and unconditional and joint and several. PEMEX’s management has not presented separate financial statements for the Subsidiary Guarantors, because it has determined that such information is not material to investors. SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF FINANCIAL POSITION As of December 31, 2022 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Assets Current assets Cash and cash equivalents Ps. 14,809,052 Ps. 11,293,133 Ps. 38,312,326 Ps. — Ps. 64,414,511 Trade and other accounts receivable, derivative financial instruments and other current assets 61,562,752 197,610,993 78,288,125 — 337,461,870 Accounts receivable—inter-company 1,466,391,747 1,158,552,905 178,769,205 (2,803,713,857) — Inventories 1,695,679 79,127,255 45,195,463 — 126,018,397 Total current assets 1,544,459,230 1,446,584,286 340,565,119 (2,803,713,857) 527,894,778 Long-term receivables—intercompany 1,511,328,178 — 1,361,639 (1,512,689,817) — Investments in joint ventures and associates (1,203,291,062) 269,011,476 231,429,045 704,894,507 2,043,966 Wells, pipelines, properties, plant and equipment-net 6,832,860 1,089,869,156 272,048,834 — 1,368,750,850 Long-term notes receivables — 1,334,126 — — 1,334,126 Right of use 1,631,407 44,352,154 3,537,286 — 49,520,847 Deferred taxes 51,156,380 113,857,491 6,618,687 — 171,632,558 Intangible assets 149,947 28,673,801 1,201,186 — 30,024,934 Mexican Government Bonds 63,653,260 — — — 63,653,260 Other assets — 2,320,594 28,382,131 — 30,702,725 Total assets Ps. 1,975,920,200 Ps. 2,996,003,084 Ps. 885,143,927 Ps. (3,611,509,167) Ps. 2,245,558,044 Liabilities Current liabilities Current portion of long-term debt Ps. 398,101,726 Ps. 20,438,040 Ps. 47,407,917 Ps. — Ps. 465,947,683 Accounts payable—inter-company 1,423,626,118 1,293,390,155 86,538,902 (2,803,555,175) — Other current liabilities 31,085,188 346,977,135 85,727,252 — 463,789,575 Total current liabilities 1,852,813,032 1,660,805,330 219,674,071 (2,803,555,175) 929,737,258 Long-term debt 1,573,359,790 22,496,110 29,660,413 — 1,625,516,313 Long-term payables—inter-company — 1,511,403,321 1,445,177 (1,512,848,498) — Employee benefits, provisions for sundry creditors, other liabilities and deferred taxes 318,280,995 1,124,420,120 16,425,583 — 1,459,126,698 Total liabilities 3,744,453,817 4,319,124,881 267,205,244 (4,316,403,673) 4,014,380,269 Equity (deficit), net (1,768,533,617) (1,323,121,797) 617,938,683 704,894,506 (1,768,822,225) Total liabilities and equity Ps. 1,975,920,200 Ps. 2,996,003,084 Ps. 885,143,927 Ps. (3,611,509,167) Ps. 2,245,558,044 SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF FINANCIAL POSITION As of December 31, 2021 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Assets Current assets Cash and cash equivalents Ps. 34,690,405 Ps. 6,157,869 Ps. 35,658,173 Ps. — Ps. 76,506,447 Trade and other accounts receivable, derivative financial instruments and other current assets 14,502,133 191,315,372 89,956,950 — 295,774,455 Accounts receivable—inter-company 1,915,076,979 1,080,615,236 158,628,242 (3,154,320,457) — Inventories 930,656 54,797,831 30,384,655 — 86,113,142 Total current assets 1,965,200,173 1,332,886,308 314,628,020 (3,154,320,457) 458,394,044 Long-term receivables—intercompany 1,715,204,137 — 1,846,525 (1,717,050,662) — Investments in joint ventures and associates (1,438,194,686) 172,395,250 78,073,476 1,189,980,912 2,254,952 Wells, pipelines, properties, plant and equipment-net 7,488,282 1,130,105,528 136,938,797 — 1,274,532,607 Long-term notes receivables — 1,646,290 — — 1,646,290 Right of use 666,839 52,047,552 1,569,067 — 54,283,458 Deferred taxes 53,898,456 34,644,220 3,713,163 — 92,255,839 Intangible assets 2,175 18,894,609 1,119,362 — 20,016,146 Mexican Government Bonds 109,601,905 — — — 109,601,905 Other assets — 1,165,964 37,946,966 — 39,112,930 Total assets Ps. 2,413,867,281 Ps. 2,743,785,721 Ps. 575,835,376 Ps. (3,681,390,207) Ps. 2,052,098,171 Liabilities Current liabilities Current portion of long-term debt 417,076,084 22,488,458 52,719,071 — 492,283,613 Accounts payable—inter-company 2,092,847,395 962,430,582 98,598,958 (3,153,876,935) — Other current liabilities 23,587,329 334,918,246 71,859,142 — 430,364,717 Total current liabilities 2,533,510,808 1,319,837,286 223,177,171 (3,153,876,935) 922,648,330 Long-term debt 1,715,650,511 25,978,231 15,783,539 — 1,757,412,281 Long-term payables—inter-company — 1,715,642,197 1,851,988 (1,717,494,185) — Employee benefits, provisions for sundry creditors, other liabilities and deferred taxes 334,835,252 1,196,413,505 10,789,586 — 1,542,038,343 Total liabilities 4,583,996,571 4,257,871,219 251,602,284 (4,871,371,120) 4,222,098,954 Equity (deficit), net (2,170,129,290) (1,514,085,498) 324,233,092 1,189,980,913 (2,170,000,783) Total liabilities and equity Ps. 2,413,867,281 Ps. 2,743,785,721 Ps. 575,835,376 Ps. (3,681,390,207) Ps. 2,052,098,171 SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2022 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Net revenues Ps. — Ps. 2,801,812,884 Ps. 1,498,442,200 Ps. (1,922,252,125) Ps. 2,378,002,959 Services income 80,180,636 97,771,725 16,779,837 (189,346,848) 5,385,350 Total revenues 80,180,636 2,899,584,609 1,515,222,037 (2,111,598,973) 2,383,388,309 (Impairment) of wells, pipelines, properties, plant and equipment — (83,932,377) 394,356 — (83,538,021) Cost of sales 1,188,124 2,254,594,197 1,473,464,907 (2,030,684,206) 1,698,563,022 Gross income 78,992,512 561,058,035 42,151,486 (80,914,767) 601,287,266 Total general expenses 75,149,492 163,600,068 12,167,950 (80,733,408) 170,184,102 Other revenues (expenses), net 136,297 (617,947) 14,550,435 286,735 14,355,520 Operating income 3,979,317 396,840,020 44,533,971 105,376 445,458,684 Financing cost, net (53,015,543) (95,270,023) (6,927,924) (105,376) (155,318,866) Foreign exchange income (loss), net (2,577,191) 131,349,483 917,798 — 129,690,090 Profit (loss) sharing in joint ventures and associates 149,613,112 (1,982,658) 66,706,428 (213,987,481) 349,401 Income (loss) before duties, taxes and other 97,999,695 430,936,822 105,230,273 (213,987,481) 420,179,309 Total taxes, duties and other (2,412,355) 321,846,221 746,973 — 320,180,839 Net income for the year 100,412,050 109,090,601 104,483,300 (213,987,481) 99,998,470 Total other comprehensive result 27,263,372 96,178,950 (33,568,951) — 89,873,371 Total comprehensive income (loss) Ps. 127,675,422 Ps. 205,269,551 Ps. 70,914,349 Ps. (213,987,481) Ps. 189,871,841 SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2021 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Net revenues Ps. — Ps. 1,815,602,641 Ps. 737,192,231 Ps. (1,062,139,493) Ps. 1,490,655,379 Services income 83,783,182 93,096,004 11,936,130 (183,842,075) 4,973,241 Total revenues 83,783,182 1,908,698,645 749,128,361 (1,245,981,568) 1,495,628,620 (Impairment) of wells, pipelines, properties, plant and equipment — (751,469) (459,126) — (1,210,595) Cost of sales 939,331 1,502,101,853 728,325,768 (1,164,716,250) 1,066,650,702 Gross income 82,843,851 405,845,323 20,343,467 (81,265,318) 427,767,323 Total general expenses 77,055,697 160,027,365 9,622,354 (81,234,555) 165,470,861 Other revenues (expenses), net 2,985,438 (37,344,472) 1,009,896 (19,492) (33,368,630) Operating income 8,773,592 208,473,486 11,731,009 (50,255) 228,927,832 Financing cost, net (54,245,927) (102,785,773) (3,907,658) 50,252 (160,889,106) Foreign exchange (loss) income, net (5,185,616) (39,529,621) (959,813) — (45,675,050) (Loss) profit in joint ventures and associates (246,891,433) (2,353,222) (10,630,620) 256,787,168 (3,088,107) (Impairment) of joint ventures — — (6,703,324) — (6,703,324) Income (loss) before duties, taxes and other (297,549,384) 63,804,870 (10,470,406) 256,787,165 12,572,245 Total taxes, duties and other (3,017,215) 308,071,088 2,294,249 — 307,348,122 Net (loss) income for the year (294,532,169) (244,266,218) (12,764,655) 256,787,165 (294,775,877) Total other comprehensive result 44,225,180 161,981,238 6,941,577 — 213,147,995 Total comprehensive (loss) income Ps. (250,306,989) Ps. (82,284,980) Ps. (5,823,078) Ps. 256,787,165 Ps. (81,627,882) SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2020 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Net revenues Ps. — Ps. 1,115,845,485 Ps. 459,202,040 Ps. (626,101,165) Ps. 948,946,360 Services income 78,461,654 88,034,087 12,253,482 (174,033,739) 4,715,484 Total revenues 78,461,654 1,203,879,572 471,455,522 (800,134,904) 953,661,844 (Impairment) of wells, pipelines, properties, plant and equipment — (36,303,470) (50,230) — (36,353,700) Cost of sales 982,896 1,090,745,812 460,296,695 (719,410,713) 832,614,690 Gross income 77,478,758 76,830,290 11,108,597 (80,724,191) 84,693,454 Total general expenses 75,817,961 154,020,378 9,198,761 (80,706,414) 158,330,686 Other revenues (expenses), net 170,887 5,733,633 4,635,082 34,530 10,574,132 Operating income 1,831,684 (71,456,455) 6,544,918 16,753 (63,063,100) Financing cost, net (54,710,062) (70,134,087) (3,066,150) (16,754) (127,927,053) Foreign exchange (loss) income, net (1,778,917) (125,864,355) (1,306,032) — (128,949,304) (Loss) profit sharing in joint ventures and associates (433,417,288) 1,288,687 (12,588,491) 441,176,559 (3,540,533) (Loss) income before duties, taxes and other (488,074,583) (266,166,210) (10,415,755) 441,176,558 (323,479,990) Total taxes, duties and other 20,804,230 159,451,307 5,316,538 — 185,572,075 Net (loss) income for the year (508,878,813) (425,617,517) (15,732,293) 441,176,558 (509,052,065) Total other comprehensive result (6,062,096) (12,844,301) 7,600,985 — (11,305,412) Total comprehensive (loss) income Ps. (514,940,909) Ps. (438,461,818) Ps. (8,131,308) Ps. 441,176,558 Ps. (520,357,477) SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF CASH FLOWS For the year ended December 31, 2022 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Operating activities: Net income (loss) Ps. 100,412,050 Ps. 109,090,601 Ps. 104,483,300 Ps. (213,987,481) Ps. 99,998,470 Income taxes and duties (2,412,355) 321,846,222 746,972 — 320,180,839 Depreciation and amortization of wells, pipelines, properties, plant and equipment 554,672 134,768,990 4,448,153 — 139,771,815 Amortization of intangible assets 433,850 22,598 59,894 — 516,342 Impairment of wells, pipelines, properties, plant and equipment — 83,932,376 (394,355) — 83,538,021 Capitalized unsuccessful wells — 7,110,169 — — 7,110,169 Unsuccessful wells from intangible assets — 13,911,491 — — 13,911,491 Loss from derecognition of disposal of wells, pipelines, properties, plant and equipment 770,522 20,594,151 2,358,648 — 23,723,321 Depreciation of rights of use 402,661 4,775,839 785,278 — 5,963,778 Cancellation of leases 17,489 (824,885) — — (807,396) (Gains) on bargain purchase of business acquisition — — (1,271,188) — (1,271,188) Reclassification of translation effect — — (10,383,296) — (10,383,296) Discount rate of reserve for well abandonment — 4,647,200 — — 4,647,200 Loss (profit) sharing in joint ventures and associates (149,613,112) 1,982,659 (66,706,428) 213,987,480 (349,401) Unrealized foreign exchange loss (income) (116,319,473) (7,874,293) (4,351,603) — (128,545,369) Interest expense 133,280,499 20,710,183 5,693,198 — 159,683,880 Interest income (15,912,365) (10,859,934) (455,666) — (27,227,965) Duties and taxes (6,301,293) (360,898,996) 527,037 — (366,673,252) Accounts receivable, inventories, accounts payable, DFIs and provisions 15,493,005 (52,750,442) 15,832,583 — (21,424,854) Employee benefits 18,330,319 35,818,190 126,678 — 54,275,187 Inter-company charges and deductions 511,277,041 (191,050,153) 115,670,229 (435,897,117) — Cash flows from (used in) operating activities 490,413,510 134,951,966 167,169,434 (435,897,118) 356,637,792 Investing activities: Acquisition of wells, pipelines, properties, plant and equipment and intangible assets (1,015,214) (221,783,321) (131,061,456) 13,389,062 (340,470,929) Other assets and other receivables 2,041,688 (1,388,372) (19,728,200) (13,389,063) (32,463,947) (Increase) decrease due to Inter-company investing Cash flows (used in) from investing activities 119,611,920 (223,171,693) (150,304,771) (119,070,332) (372,934,876) Financing activities: Increase in equity due to Certificates of Contribution “A” and proceeds from FONADIN grants 211,306,717 — — — 211,306,717 Collection and interest collected from the Mexican Government 7,455,715 — — — 7,455,715 Lease payments of principal and interest Loans obtained from financial institutions 428,181,800 34,447,738 601,549,878 — 1,064,179,416 Debt payments, principal only (470,070,458) (41,828,143) (595,260,679) — (1,107,159,280) Interest paid (136,869,989) (17,387,706) 301,005 — (153,956,690) Inter-company increase (decrease) financing (669,221,278) 126,720,696 (12,466,868) 554,967,450 — Net cash flows from (used in) financing activities: (629,906,783) 93,354,991 (7,226,603) 554,967,450 11,189,055 Net increase (decrease) in cash and cash equivalents (19,881,353) 5,135,264 9,638,060 — (5,108,029) Effects of foreign exchange on cash balances — — (6,983,907) — (6,983,907) Cash and cash equivalents at the beginning of the year 34,690,405 6,157,869 35,658,173 — 76,506,447 Cash and cash equivalents at the end of the year Ps. 14,809,052 Ps. 11,293,133 Ps. 38,312,326 Ps. — Ps. 64,414,511 SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF CASH FLOWS For the year ended December 31, 2021 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Operating activities: Net (loss) income Ps. (294,532,169) Ps. (244,266,218) Ps. (12,764,655) Ps. 256,787,165 Ps. (294,775,877) Income taxes and duties (3,017,215) 308,071,088 2,294,249 — 307,348,122 Depreciation and amortization of wells, pipelines, properties, plant and equipment 926,413 130,462,150 2,042,802 — 133,431,365 Amortization of intangible assets 302,074 27,629 73,592 — 403,295 Impairment of wells, pipelines, properties, plant and equipment — 751,469 459,126 — 1,210,595 Capitalized unsuccessful wells — 9,730,391 — — 9,730,391 Unsuccessful wells from intangible assets — 12,565,711 — — 12,565,711 Loss from derecognition of disposal of wells, pipelines, properties, plant and equipment 165,820 47,033,371 100,431 — 47,299,622 Depreciation of rights of use 518,108 4,890,459 999,304 — 6,407,871 Reversal of impairment of rights of use — (87,025) Impairment of joint ventures — — 6,703,324 — 6,703,324 Cancellation of leases — (432,906) — — (432,906) Unrealized foreign exchange loss (income) of reserve for well abandonment — 4,454,106 — — 4,454,106 Loss (profit) sharing in joint ventures and associates 257,030,877 97,909 2,990,198 (257,030,877) 3,088,107 Unrealized foreign exchange loss (income) 37,103,050 4,878,103 2,504,194 — 44,485,347 Interest expense 152,735,265 9,319,042 2,517,340 — 164,571,647 Interest income (15,021,009) (13,696,982) (188,793) — (28,906,784) Taxes and duties (9,832,139) (247,468,399) (2,147,155) — (259,447,693) Accounts receivable, inventories, accounts payable, DFIs and provisions 36,095,181 (42,928,835) (29,866,906) — (36,700,560) Employee benefits 23,767,561 45,120,142 (1,001,049) — 67,886,654 Inter-company charges and deductions (945,742,643) (154,191,287) 116,560,178 983,373,752 — Cash flows from (used in) operating activities (759,500,826) (125,670,082) 91,276,180 983,130,040 189,235,312 Investing activities: Acquisition of wells, pipelines, properties, plant and equipment and intangible assets (305,025) (157,505,188) (77,595,821) — (235,406,034) Other assets and other receivables 435,423 4,246,730 (31,511,677) — (26,829,524) (Increase) decrease due to Inter-company investing (68,097,420) — (858,455) 68,955,875 — Cash flows (used in) from investing activities (67,967,022) (153,258,458) (109,965,953) 68,955,875 (262,235,558) Financing activities: Increase in equity due to Certificates of Contribution “A” 316,354,129 — — — 316,354,129 Collection and interest collected from the Mexican Government 22,915,255 — — — 22,915,255 Lease payments of principal and interest (388,290) (9,806,074) (1,074,067) — (11,268,431) Loans obtained from financial institutions 682,975,560 4,088,422 949,152,861 — 1,636,216,843 Debt payments, principal only (749,672,127) (8,885,244) (949,024,209) — (1,707,581,580) Interest paid (151,547,133) (5,430,171) (279,321) — (157,256,625) Inter-company increase (decrease) financing 732,126,639 300,149,402 19,809,874 (1,052,085,915) — Cash flows from (used in) financing activities: 852,764,033 280,116,335 18,585,138 (1,052,085,915) 99,379,591 Net increase (decrease) in cash and cash equivalents 25,296,185 1,187,795 (104,635) — 26,379,345 Effects of foreign exchange on cash balances — — 10,137,321 — 10,137,321 Cash and cash equivalents at the beginning of the year 9,394,220 4,970,074 25,625,487 — 39,989,781 Cash and cash equivalents at the end of the year Ps. 34,690,405 Ps. 6,157,869 Ps. 35,658,173 Ps. — Ps. 76,506,447 SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION STATEMENT OF CASH FLOWS For the year ended December 31, 2020 Petróleos Subsidiary Non-guarantor Eliminations PEMEX Operating activities: Net (loss) income Ps. (508,878,813) Ps. (425,617,517) Ps. (15,507,766) Ps. 440,952,031 Ps. (509,052,065) Income taxes and duties 20,804,230 159,451,307 5,316,538 — 185,572,075 Depreciation and amortization of wells, pipelines, properties, plant and equipment 1,066,176 126,778,686 1,786,958 — 129,631,820 Amortization of intangible assets 453,081 (30,155) 56,062 — 478,988 Impairment of wells, pipelines, properties, plant and equipment — 36,303,471 50,229 — 36,353,700 Capitalized unsuccessful wells — 10,947,702 — — 10,947,702 Unsuccessful wells from intangible assets — 8,404,284 — — 8,404,284 Loss from derecognition of disposal of wells, pipelines, properties, plant and equipment 94,065 3,004,053 2,199,444 — 5,297,562 Depreciation of rights of use 644,838 5,453,688 1,130,705 — 7,229,231 Loss from derecognition of disposal of intangible asset — — 396,118 — 396,118 Cancellation of leases — (1,101,987) — — (1,101,987) Discount rate of reserve for well abandonment — 4,555,692 — — 4,555,692 (Gains) on disposal of subsidiary companies — — (707,533) — (707,533) Loss (profit) sharing in joint ventures and associates 441,125,283 (41,685) 3,582,218 (441,125,283) 3,540,533 Unrealized foreign exchange loss (income) 117,158,102 12,040,638 3,267,503 — 132,466,243 Interest expense 134,335,289 25,908,927 1,521,026 — 161,765,242 Interest income (11,617,299) (5,124,749) — — (16,742,048) Taxes and duties 1,349,021 (155,315,035) (3,725,449) — (157,691,463) Accounts receivable, inventories, accounts payable, DFIs and provisions (16,644,218) (692,255) 22,115,695 — 4,779,222 Employee benefits (355,666) 64,873,037 (5,347,025) — 59,170,346 Inter-company charges and deductions (147,308,477) 37,878,271 35,319,045 74,111,161 — Cash flows from (used in) operating activities 32,225,612 (92,323,627) 51,453,768 73,937,909 65,293,662 Investing activities: Acquisition of wells, pipelines, properties, plant and equipment and intangible assets (349,555) (97,841,648) (40,426,953) — (138,618,156) Other assets and other receivables 930,596 (812,028) (2,640,055) — (2,521,487) (Increase) decrease due to Inter-company investing (194,281,597) — 627,372 193,654,225 — Cash flows (used in) from investing activities (193,700,556) (98,653,676) (42,439,636) 193,654,225 (141,139,643) Financing activities: Increase in equity due to Certificates of Contribution “A” 46,256,000 — — — 46,256,000 Collection and interest collected from the Mexican Government 5,800,940 — — — 5,800,940 Lease payments of principal and interest (396,917) (8,266,969) (1,346,915) — (10,010,801) Loans obtained from financial institutions 730,222,863 1,046 557,905,959 — 1,288,129,868 Debt payments, principal only (601,448,338) (4,828,154) (545,685,655) — (1,151,962,147) Interest paid (122,553,204) (7,200,077) (1,235,869) — (130,989,150) Inter-company increase (decrease) financing 84,752,963 211,415,474 (28,576,303) (267,592,134) — Cash flows from (used in) financing activities: 142,634,307 191,121,320 (18,938,783) (267,592,134) 47,224,710 Net increase (decrease) in cash and cash equivalents (18,840,637) 144,017 (9,924,651) — (28,621,271) Effects of foreign exchange on cash balances — — 7,989,421 — 7,989,421 Cash and cash equivalents at the beginning of the year 28,234,857 4,826,057 27,560,717 — 60,621,631 Cash and cash equivalents at the end of the year Ps. 9,394,220 Ps. 4,970,074 Ps. 25,625,487 Ps. — Ps. 39,989,781 |